Categories AlphaGraphs, Earnings, Technology
AMD Earnings: Advanced Micro Devices Q4 revenue up 16%, profit drops
Semiconductor company Advanced Micro Devices, Inc. (NASDAQ: AMD) reported a decline in fourth-quarter earnings, despite an increase in revenues.
Earnings, excluding special items, dropped to $0.69 per share in the most recent quarter from $0.92 per share in the fourth quarter of 2021. Net income, on a reported basis, was $21 million or $0.01 per share, compared to $974 million or $0.80 per share in the prior-year period.
Check this space to read management/analysts’ comments on AMD’s Q4 2022 results
Fourth-quarter revenues climbed to $5.60 billion from $4.83 billion in the corresponding period of last year. The top line also topped Wall Street’s prediction.
“We accelerated our data center momentum and closed our strategic acquisition of Xilinx, significantly diversifying our business and strengthening our financial model. Although the demand environment is mixed, we are confident in our ability to gain market share in 2023 and deliver long-term growth based on our differentiated product portfolio,” said AMD’s CEO Lisa Su.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%